Independent Bank
Weiss Ratings |
Independent Bank
Grand Rapids, MI |
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Rating | ||||
Asset Quality Index | 7.40 | |||
Capitalization Index | 7.70 | |||
Liquidity Index | 2.80 | |||
Profitability Index | 6.00 | |||
Stability Index | 9.00 | |||
Company Info |
Independent Bank
Grand Rapids, MI |
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FDIC Number | 27811 | |||
Phone Number | (616) 363-1207 | |||
Website | www.independentbank.com | |||
Asset Quality |
Independent Bank
Grand Rapids, MI |
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1-Year Asset Growth | 1.80% | |||
5-Year Asset Growth | 9.90% | |||
5-Year Charge-Offs to Average Loans | 0.02% | |||
Charge-Offs to Average Loans | 0.01% | |||
Non-Performing Assets to Assets | 0.14% | |||
Non-Performing Loans to Capital | 1.24% | |||
Non-Performing Loans to Loans | 0.23% | |||
Balance Sheet |
Independent Bank
Grand Rapids, MI |
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Total Assets | 5.32B | |||
Total Deposits | 4.70B | |||
Capital and Reserves |
Independent Bank
Grand Rapids, MI |
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Capital | 487.40M | |||
Leverage Ratio | 9.56 | |||
Loan Loss Reserves to Loans | 1.47% | |||
Risk-Based Capital Ratio | 13.19 | |||
Liquidity |
Independent Bank
Grand Rapids, MI |
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Hot Money Ratio | 11.27% | |||
Liquidity Ratio | 20.30% | |||
Profitability |
Independent Bank
Grand Rapids, MI |
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5-Year Return on Average Assets | 1.36% | |||
Net Income | 16.35M | |||
Net Interest Spread | 3.50% | |||
Operating Profit to Average Assets | 1.49% | |||
Overhead Efficiency Ratio | 61.18% | |||
Return on Assets | 1.20% | |||
Return on Equity | 13.54% | |||